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    King Ave New Castle, DE 19720

    Sponsored
    For Sale
    $1,100,000

    1.48 Acres, Commercial Zoning, $1.1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.48-acre commercial land parcel presents a unique investment opportunity in New Castle, Delaware. Located at 0 King Ave (Churchman's Road), the property boasts a highly desirable CR (Commercial Regional/NCC) zoning designation, opening doors to a wide range of development possibilities. All essential utilities are readily available on-site, including water, sewer, and electricity, simplifying the development process and minimizing upfront costs. An existing stormwater pond is already in place, further reducing infrastructure hurdles. Adding to the property's appeal is an included billboard lease, generating immediate passive income potential. The strategic location in New Castle County, Delaware, with a 19720 zip code, offers excellent access to major transportation routes and a thriving local economy. This is a turnkey opportunity for developers seeking a well-situated, fully-serviced lot ready for immediate development. The asking price for this exceptional property is $1,100,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

    Property Features for 0 King Ave

    General Information

    Property type
    Land
    Lot Size
    64,469 SF

    HighLights

    • 1.48‑acre commercial lot zoned CR (Commercial Regional/NCC) in New Castle, DE.
    • All utilities (water, sewer, electric) available on‑site.
    • Includes existing billboard lease generating passive income.
    • Existing stormwater pond on site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6261813
    Latitude
    39.6810673

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    FAQs

    What type of property is this?
    Land - 1.48 Acres, Commercial Zoning, $1.1M
    Where is this land located?
    The property is located at King Ave New Castle, DE.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 1.48-acre commercial lot zoned CR (Commercial Regional/NCC) in New Castle, DE.; All utilities (water, sewer, electric) available on-site.; Includes existing billboard lease generating passive income.
    Request Owner's contact information
    King Ave New Castle, DE 19720
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    New Castle, DE 19720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    King Ave New Castle, DE 19720
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